Thomson Reuters Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2017
January 30, 2018 at 05:20 pm EST
Share
Thomson Reuters Corporation provided earnings guidance for the fourth quarter and full year ended December 31, 2017. For the quarter, on IFRS basis, the company expects to report revenues between $2.9 billion and $2.95 billion, up approximately 3% from the prior-year period (up approximately 1% on a constant currency basis). Operating profit is expected to be between $440 million and $450 million, up approximately 50% primarily because the prior-year period included $212 million of severance charges. Diluted EPS is projected to be down approximately 75% primarily due to a $2 billion gain realized in 2016 on the sale of the company's IP & Science business. On non-IFRS basis, the company expects to report adjusted EBITDA between $870 million and $880 million and an adjusted EBITDA margin between 29.5% and 29.8%. The company also expects to report adjusted EPS between $0.58 and $0.61.
For the full-year, on IFRS basis, the company expects to report revenues between $11.3 billion and $11.35 billion, up approximately 1% from the prior year (up approximately 2% on a constant currency basis). Operating profit is expected between $1.74 billion and $1.76 billion, up approximately 25% from the prior year. Diluted EPS is projected to be down approximately 50% from 2016, primarily due to a $2 billion gain realized in 2016 on the sale of the company's IP & Science business. On non-IFRS basis, the company expects to report adjusted EBITDA between $3.4 billion and $3.45 billion and an adjusted EBITDA margin between 30.1% and 30.4%. The company also expects to report adjusted EPS of between $2.48 and $2.51.
Thomson Reuters Corporation serves professionals across legal, tax, accounting, compliance, government and media. The Company operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. Legal Professionals segment serves law firms and governments with research and workflow products. Corporates segment serves corporate customers from small businesses to multinational organizations, including the seven global accounting firms, with its full suite of content-driven technology solutions. Tax & Accounting Professionals segment serves tax, accounting and audit professionals in accounting firms with research and workflow products. Reuters News segment supplies business, financial and global news to the worldâs media organizations, professionals and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products and to financial market professionals exclusively via LSEG products.